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🚨🇬🇧 UK CHANCELLOR REEVES ANNOUNCES £1.5B CIVIL SERVICE CUTS UK Chancellor Rachel Reeves is set to announce major spending cuts, targeting £1.5 billion annually from civil service administrative budgets by 2028-29. The planned reductions, expected in Reeves’ upcoming budget update, aim to shrink back-office roles in communications, human resources, and policy-making by around 10%, potentially putting thousands of jobs at risk. The cuts are part of Reeves' broader strategy to restore fiscal discipline and meet government financial targets during ongoing economic challenges. Source: Reuters